Will Olayemi Cardoso announce an increase in the Monetary Policy Rate (MPR) above the current 26.5% at today’s press briefing?

Outcome: NO

How this forecast is settled

Monetary policy decisions are usually shaped by inflation trends, exchange-rate stability concerns, and broader macroeconomic pressures. While central banks may tighten rates further to combat inflation, policymakers also weigh the impact of higher borrowing costs on growth and financial stability before making another upward move.

Resolution

NO, Olayemi Cardoso did not announce an increase in the Monetary Policy Rate (MPR).At the conclusion of the 305th Monetary Policy Committee (MPC) meeting today, the CBN Governor announced that the committee voted to retain the benchmark interest rate at 26.5%. Despite the recent uptick in headline inflation to 15.69%

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